Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Stanton County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,686 | $72,682 | $78,145 |
| Median Personal Income | $44,736 | $56,764 | $61,726 |
| Average income growth | 6.4% | 4.3% | 5.1% |
| Six-Figure Earners | 7.8% | 10.6% | 13.2% |
The median household income in Stanton County is about 7% lower than in Kansas. Income has been growing faster in Stanton County (6.4%/yr) than in Kansas (4.3%/yr).
About 8% of adults in Stanton County earn six figures ($100,000 or more) a year, lower than the Kansas average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Stanton County, Kansas grew by 44.1% from 2009 to 2023, reaching $67,686 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Stanton County | Gender Pay Gap | Gini Coefficient
| Metric | Stanton County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.539 | 0.570 |
| Male Median Income | $54,530 | $63,363 | $67,746 |
| Female Median Income | $35,454 | $49,832 | $54,793 |
| Gender Pay Gap | 35.0% | 21.4% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Stanton County, it is 0.519, lower than Kansas's 0.539, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 54% more than women's income in Stanton County, Kansas. Over a 35-year career, a 54% wage gap accumulates to roughly $667,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stanton County, Kansas has widened from about 33% to 35% in 2023. In dollar terms, the gap has widened by $6,671 since 2009.
Employment
| Metric | Stanton County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 3.9% | 5.2% |
| Working from Home | 4.9% | 10.7% | 13.4% |
| Commute time (minutes) | 8 | 17 | 22 |
Approximately 21 people are unemployed in Stanton County, Kansas.
The average commute time in Stanton County is 8 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stanton County, Kansas has fallen from 7.3% to 2.2% in 2023.
Conclusion
Considering all these factors, Stanton County, Kansas has an overall wealth index grade of C, making it about on par with Kansas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Stanton County, Kansas.
How Rich Is Stanton County, Kansas?
Stanton County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $67,686, about 7% lower than the Kansas average of $72,682.
What is the current median household income in Stanton County, Kansas?
As of 2023, the median household income in Stanton County, Kansas is $67,686.
What was the median household income in Stanton County in 2023?
In 2023, the median household income in Stanton County, Kansas was $67,686.
What was the median household income in Stanton County in 2020?
In 2020, the median household income in Stanton County, Kansas was $54,565.
What is the Gini coefficient in Stanton County, Kansas?
The Gini coefficient in Stanton County is 0.519. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Stanton County, Kansas?
Since 2009, the income gap between men and women in Stanton County, Kansas has widened from about 33% to 35% in 2023. In dollar terms, the gap has widened by $6,671 since 2009.